Meats Futures Prices
- Livestock Report
Hogs pullback into trading range and cattle makes new highs
- Daily Livestock Commentary
Cattle, more room to run?
- Heartland Weekend Newsletter - Grains and Cattle
Is Fridays news as good as one thinks? Here is my weekend newsletter that goes in-depth on the grain and meat markets discussing what this "trade truce"...
- Jumping on a Feeder, Corn, Cattle Spread
The short Feeder Cattle F20, short Corn H20, long 2* Live Cattle M20 has profited in 14 of the last 15 years.
- QUICK TAKES TREND REVERSALS
Reviewing the tyrend reversals going into the week of October 14 and reviewing those commodities worthy of note that have not changed.
- U.S. China Agree On A Partial Trade Deal
U.S. China Agree On A Partial Trade Deal
Futures Market News and Commentary
Live cattle futures gained triple digits, ending Monday $1.175 to $1.30 higher. Feeder cattle futures were also higher at Monday’s close, ending the day up $1.45 to $1.825 in nearbys. The CME Feeder Cattle index was 63 cents higher on 10/11 to $144.26. Wholesale boxed beef prices were higher on Monday. Choice boxes were up $1.56 to $217.22, with Select boxes 65 cents higher to $189.33, which widened the spread to 27.89. USDA estimated FI cattle slaughter for the start of the week was 117,000 head. That is 1,000 head above last week and 2,000 larger than the same week last year. OCT 19 Cattle closed at $110.625, up $1.175, DEC 19 Cattle closed at $113.450, up $1.300, FEB 20 Cattle closed at $119.275, up $1.225, OCT 19 Feeder Cattle closed at $145.550, up $1.450 NOV 19 Feeder Cattle closed at $146.075, up $1.825 JAN 19 Feeder Cattle closed at $142.225, up $1.750 --provided by Brugler Marketing & Management
Lean Hog futures were mixed in the nearby contracts; DEC lost 47 1/2 cents while FEB contracts saw $0.20 gains. October futures expired today. The Chinese ag ministry mentioned the national hog herd was down 41% yr/yr in September, with the sow herd down 38.9% from a year ago. According to China’s Customs bureau, pork imports in September were 76% larger than in September 2018 at 166,000 MT. The CME Lean Hog Index was up an additional $0.53 to $61.18 on Oct 10. The USDA pork carcass cutout value was 42 cents higher for Monday’s close to finish at $77.94. The national average base hog value was 89 cents higher after the weekend at $57.50. Estimated FI hog slaughter for last week was revised down 30,000 head to 2.695 million. USDA estimated Monday’s slaughter at 491,000 head, up 7,000 head form last week and 30,000 from last year. OCT 19 Hogs closed at $63.075, up $0.150, DEC 19 Hogs closed at $69.125, down $0.475 FEB 20 Hogs closed at $77.250, up $0.200 -- provided by Brugler Marketing & Management